Bulgaria becoming no longer competitive outside the EU 26 February, 2019 at 14:02
According to UkrAgroConsult’s estimates, Bulgaria’s harvest of major grains dropped by 5% this season. Consequently, a downturn is observed in grain supplies from the country.

The most substantial decline is in Bulgarian barley exports. In July-November 2018/19, they were down 42% year-on-year.

The wheat market also witnesses a slowdown in exports due to a harvest decline (-12%). Bulgaria exported 15% less wheat in July-November 2018/19 from last season’s record of 3 MMT. 97% of all the wheat exported in the reporting period went to EU countries, whereas their export share normally varies within 60-80%.

The grain harvest decline in the EU and its growing needs for imports make export shipments outside the European Union unattractive to Bulgaria, report UkrAgroConsult’s analysts.